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25 May 2010 20:45

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Biz: Three foods WebMD says that you should avoid, fattie

  • 1,500 number of calories in a large order of Five Guys’ fries – even more than the bacon cheeseburger
  • 1,670 number of calories in The Cheesecake Factory’s Chocolate Tower Truffle Cake
  • 1,820 number of calories in P.F. Chang’s Double Pan-Fried Noodles Combo; wowza source
Posted by Ernie Smith • 0 Comments • Permalink

25 May 2010 11:07

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Biz: Private businesses less responsible for people’s income than ever

  • 41.9% of personal income comes from private wages and salaries
  • 17.9%of personal income comes from government programs source

 

  • » What this means: Simply put, it’s an unsustainable trend. The government raises money through taxes on wages and salaries, and with many people out of work and benefits making up a larger share of personal income, the government is on the hook for more of people’s collective personal incomes. Part of this, yes, is due to the stimulus. Once the economy gets back in tip-top shape, will the numbers go up? Maybe. But the numbers were going down even before the recession due to the increase in benefits.
Posted by Ernie Smith • 0 Comments • Permalink

25 May 2010 10:13

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Biz: The paywall hits: The Times and Sunday Times now cost money

  • £1 the cost for an online copy of the paper each day
  • £2 the cost for a weekly subscription
    for the titles source
  • » The first two months are free: If nothing else, Rupert Murdoch’s charges for the Times and the Sunday times won’t hit users right away. This mirrors our experience with Newsday to some degree. The major difference? It costs around half as much. It’s $2.88 versus $5 per week.
Posted by Ernie Smith • 0 Comments • Permalink

25 May 2010 10:01

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Biz: The stock market’s looking pretty cruddy in early trading

  • -2.6% the decline of the Dow Jones industrial this morning
  • -2.8% the decline of the S&P 500 in early trading this morning
  • -2.9% the decline of the NASDAQ; all have had cruddy months source
Posted by Ernie Smith • 0 Comments • Permalink

24 May 2010 11:21

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Biz: Home sales: A big leap to take advantage of a big credit

  • 7.6% boost in previously-owned home sales in April source
  • » Why the leap? Simply put, there was a homebuyer tax credit that was about to expire at the end of April, and it led to a leap in sales to their highest levels since November. Now if only those sales were happening without, you know, big tax credits.
Posted by Ernie Smith • 0 Comments • Permalink

24 May 2010 10:43

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Biz, U.S.: Oil spill: Is Obama’s oil-drilling ban actually getting followed?

  • seven new offshore drilling projects have been given the go-ahead since Obama banned new drilling projects
  • five projects have gotten environmental waivers like the controversial one that leaky oil rig got source
  • » Oh, and also: There were even more approvals and waivers approved in the period between the April 20th blast that caused the spill and when the Obama administration announced the changes. Oh boy. That doesn’t look good.
Posted by Ernie Smith • 2 Comments • Permalink

23 May 2010 21:03

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Biz: Still not “Lost”: Zappos.com screws up, recovers brilliantly

  • dumb Zappos.com’s sister site,
    6pm.com, accidentally caps the
    price on all their items at $49.95.
    The gaffe lasted for six hours.
  • smart Rather than ignore the sales,
    the company has decided to
    honor them – at a cost of $1.6
    million. Great PR. source
Posted by Ernie Smith • 0 Comments • Permalink
 

21 May 2010 22:50

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Biz: Burger King’s franchisees: A $1 double cheeseburger can ruin us!

  • action In an attempt to stay competitive, Burger King adds a $1 cheeseburger to its value menu, which is a low margin. Consumers rejoice.
  • reaction Believing that the fast food chain made the change knowing it’d hurt them, franchises sue. Now a court says the suit can go forward. soruce
Posted by Ernie Smith • 0 Comments • Permalink

21 May 2010 13:18

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Biz, U.S.: BP’s oil-siphoning tally looks less impressive than it did yesterday

  • 5,000 number of barrels BP said it was recovering per day yesterday
  • 2,200 number of barrels the company says it’s recovering per day today source
Posted by Ernie Smith • 0 Comments • Permalink

20 May 2010 20:04

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Biz: Stocks are in an even bigger correction mode than Rand Paul

  • 376 the Dow Jones’s loss today, the biggest this year source
  • » Is it a correction? Yes, yes it is. The Dow has fallen 10 percent since its April highs, meaning, by any technical definition, that it’s a correction. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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